The World's Money (RLE: Banking & Finance)
Routledge – 1970 – 216 pages
This volume is an extremely readable guide to the world of international finance by two former City Editors of The Times. It is designed for people who want to understand something of the world’s financial affairs and learn how to follow jargon on the City pages of newspapers or money programmes on radio and television. Starting with the basic facts, the authors gently guide you through the world’s money maze – so that by the time you have reached the last chapter you should be able to understand the newspaper extracts printed at the end of the book.
The World’s Money aims to answer some of the many questions of the times in which it was published: Why had there been so many monetary crises? How were they caused? What is the role of gold in international finance? How do exchange rates, the IMF, the World Bank, the eurodollar market work? What is the new World Money? How was the pound devalued? Can 1929 recur?
The material is equally suitable for students, sixth-formers, economists and the armchair reader. Contemporary events are used as examples and illustrations, the history and the future of money discussed, so that the book is at once topical for its times and of lasting value.
'There is a lot that is fascinating in the book….an index giving samples of the financial journalism of the day….It is all very evocative of an era.' Financial World
Preface. Part A: How the World’s Money Works 1. The uses of world money 2. How are payments made? 3. Why payments are made 4. Which currencies are stronger? 5. Why exchange rates vary 6. The art of avoiding crises 7.Why is gold used? 8. The gold markets 9. Who are the gnomes? Part B: How It Has Worked 10. The days of the gold standard 11. 1929 12. The birth of currency blocs 13. Bretton Woods and after Part C: How It Will Work 14. Will 1929 recur? 15. Can gold be replaced? Part D: How Everything Works 16. How the IMF works 17. How the World Bank works 18. How the new ‘World Money’ works 19. How the City works 20. How the eurodollar market works 21. How to raise $3,000 million in 24 hours 22. How to read the press. Index.
Multivolume collection by leading authors in the field